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commvault systems inc (CVLT) Key Developments

CommVault Announces Simpana Software for Workloads Running on Amazon Web Services

CommVault announced it has added data management and protection support for Amazon Web Services (AWS) that includes robust cloud reporting as well as self-service virtual machine provisioning, recovery and resource management with snapshot-based data protection. CommVault will be showcasing its cloud capabilities at this week's AWS re:Invent 2014 conference at the Venetian Sands Resort and Convention Center in Las Vegas, November 11-14, in booth No. 1215. CommVault has continued to invest in features that help them manage and protect workloads in the cloud, with particular emphasis on AWS. In addition to existing support for Amazon Simple Storage Service (Amazon S3) and Amazon Glacier, CommVault has introduced automated virtual machine (VM) provisioning and lifecycle management for workloads running on Amazon Elastic Compute Cloud (Amazon EC2). Backup, Archive, and DR with Amazon S3 and Amazon Glacier: CommVault Simpana software allows customers and provider partners to unify data protection operations including backup, archive, and disaster recovery (DR) of workloads on AWS. With support for Amazon S3 and Amazon Glacier, users can seamlessly migrate data into AWS storage solutions with just a few clicks. Built-in tiering capabilities also allow users to automate data management and retention with AWS, based on pre-defined customizable policies. These solutions enable customers and provider partners to spend less time provisioning capacity and refreshing hardware products, and more time focusing on strategic projects that bring value to their businesses. VM Backup, Recovery and Management for AWS: CommVault's recently announced Solution Set for VM Backup, Recovery and Cloud Management enables virtual machine administrators and end users to build, protect, and optimize virtualized and cloud infrastructures. While alternative solutions only backup VMs, Simpana software enables application owners and tenants to fully manage their own VM provisioning, management, backup and recovery, retirement and archiving operations on the AWS Cloud-all through a single interface.

William Adams Successfully Implements CommVault(R) Simpana(R) 10 Software

CommVault announced that William Adams has successfully implemented CommVault(R) Simpana(R) 10 software to transform the company's IT infrastructure. The company improved backup, recovery and protection of critical business data, while increasing disk cost savings from the previous financial year. William Adams was also able to complete a data centre consolidation project in less time than anticipated and reduced its datacentre locations from three to two. The CommVault Simpana 10 platform will provide William Adams with full visibility into and management capability of all corporate data sets via a single, modular data management platform. Previously the company was challenged to verify that all of its data was being effectively backed up because of the complexities inherent in its legacy four-solution approach. The single platform Simpana solution has permitted William Adams to consolidate all backup, recovery, deduplication and archive requirements, eliminating the need for its multiple-vendor, multi-point legacy solution approach.

CommVault Systems, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2015

CommVault Systems, Inc. reported consolidated unaudited earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported total revenues of $151,144,000 compared to $141,863,000 a year ago. Income from operations was $10,904,000 compared to $26,420,000 a year ago. Income before income taxes was $10,881,000 compared to $26,633,000 a year ago. Net income was $6,496,000 or $0.14 per diluted share compared to $17,354,000 or $0.35 per diluted share a year ago. Net cash provided by operating activities was $32,182,000 compared to $24,482,000 a year ago. Purchase of property and equipment was $1,084,000 compared to $1,274,000 a year ago. Non-GAAP income from operations was $26,158,000 compared to $37,769,000 a year ago. Non-GAAP net income was $16,465,000 or $0.35 per diluted share compared to $23,928,000 or $0.48 per diluted share a year ago. For the six months, the company reported total revenues of $303,787,000 compared to $276,271,000 a year ago. Income from operations was $29,118,000 compared to $47,817,000 a year ago. Income before income taxes was $29,290,000 compared to $48,272,000 a year ago. Net income was $19,225,000 or $0.40 per diluted share compared to $30,816,000 or $0.62 per diluted share a year ago. Net cash provided by operating activities was $67,626,000 compared to $49,056,000 a year ago. Purchase of property and equipment was $2,456,000 compared to $2,586,000 a year ago. Non-GAAP income from operations was $59,166,000 compared to $69,117,000 a year ago. Non-GAAP net income was $37,383,000 or $0.79 per diluted share compared to $43,830,000 or $0.88 per diluted share a year ago. The company provided the cash tax rate for fiscal 2015 is estimated to be approximately 32%.

Kahn Swick & Foti, LLC Files Class Action Lawsuit Against CommVault Systems, Inc

Kahn Swick & Foti, LLC (KSF) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 12, 2014 to file lead plaintiff applications in a securities class action lawsuit against CommVault Systems, Inc., if they purchased the company's securities between May 15, 2013 and April 24, 2014, inclusive (the Class Period). This action is pending in the United States District Court for the District of New Jersey.

CommVault Systems, Inc. to Report Q2, 2015 Results on Oct 28, 2014

CommVault Systems, Inc. announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Oct 28, 2014

 

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